Hook Mill Capital Partners LP purchased a new stake in Toll Brothers, Inc. (NYSE:TOL – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 76,483 shares of the construction company’s stock, valued at approximately $4,443,000. Toll Brothers accounts for approximately 3.3% of Hook Mill Capital Partners LP’s portfolio, making the stock its 17th biggest holding. Hook Mill Capital Partners LP owned 0.07% of Toll Brothers as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Outfitter Financial LLC raised its position in shares of Toll Brothers by 1.2% during the 1st quarter. Outfitter Financial LLC now owns 16,610 shares of the construction company’s stock worth $997,000 after purchasing an additional 190 shares during the last quarter. Xponance Inc. lifted its position in shares of Toll Brothers by 1.0% in the first quarter. Xponance Inc. now owns 19,676 shares of the construction company’s stock valued at $1,181,000 after acquiring an additional 198 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Toll Brothers by 0.9% in the first quarter. Aviance Capital Partners LLC now owns 21,991 shares of the construction company’s stock worth $1,320,000 after acquiring an additional 205 shares during the last quarter. Ellevest Inc. increased its position in shares of Toll Brothers by 102.5% during the first quarter. Ellevest Inc. now owns 478 shares of the construction company’s stock worth $29,000 after purchasing an additional 242 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Toll Brothers by 5.4% in the 2nd quarter. Captrust Financial Advisors now owns 4,918 shares of the construction company’s stock valued at $219,000 after purchasing an additional 252 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Toll Brothers
In other Toll Brothers news, CAO Michael J. Grubb sold 500 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $81.43, for a total value of $40,715.00. Following the completion of the transaction, the chief accounting officer now owns 1,204 shares in the company, valued at $98,041.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $81.43, for a total value of $40,715.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,204 shares in the company, valued at $98,041.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $78.63, for a total value of $3,931,500.00. Following the sale, the chief executive officer now owns 246,547 shares in the company, valued at approximately $19,385,990.61. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,852 shares of company stock worth $10,469,368. Corporate insiders own 1.79% of the company’s stock.
Toll Brothers Stock Down 2.5 %
Toll Brothers (NYSE:TOL – Get Free Report) last announced its earnings results on Wednesday, August 23rd. The construction company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.88. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Toll Brothers had a return on equity of 22.97% and a net margin of 14.66%. Toll Brothers’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business posted $2.35 EPS. Research analysts anticipate that Toll Brothers, Inc. will post 11.91 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TOL shares. Royal Bank of Canada raised their price target on shares of Toll Brothers from $77.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Credit Suisse Group increased their price target on Toll Brothers from $73.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 23rd. Raymond James boosted their price objective on Toll Brothers from $100.00 to $110.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 24th. Bank of America raised their target price on Toll Brothers from $76.00 to $88.00 in a research note on Wednesday, June 14th. Finally, Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.29.
Get Our Latest Analysis on Toll Brothers
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies.
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